🥇 Gold XAU/USD | Is the correction over?
Gold is trying to stabilize after a strong sell-off wave, and is currently trading near $4,277 per ounce.
📉 What is weighing on gold:
• Strength of the US dollar
• Rising bond yields
• Expectations of continued tightening of US monetary policy
📈 But there is one important point:
Gold is still getting support from geopolitical uncertainty, so the current decline cannot necessarily be considered the start of a long-term downtrend.
🎯 Key to the next move:
I’m watching gold’s ability to reclaim the higher technical zones; meanwhile, continued trading below resistance areas with breaks of the lows could keep selling pressure in place.
⚠️ Don’t enter a trade just because the price went up or down; wait for a confirmation of the move and manage risk.
A question for traders:
Do you think gold will regain the uptrend, or is the correction not finished yet? 👇
#Gold #XAUUSD #GOLD #BinanceSquare #Trading #Forex #Crypto $XAUT
#XAUTUSTD
Gold is trying to stabilize after a strong sell-off wave, and is currently trading near $4,277 per ounce.
📉 What is weighing on gold:
• Strength of the US dollar
• Rising bond yields
• Expectations of continued tightening of US monetary policy
📈 But there is one important point:
Gold is still getting support from geopolitical uncertainty, so the current decline cannot necessarily be considered the start of a long-term downtrend.
🎯 Key to the next move:
I’m watching gold’s ability to reclaim the higher technical zones; meanwhile, continued trading below resistance areas with breaks of the lows could keep selling pressure in place.
⚠️ Don’t enter a trade just because the price went up or down; wait for a confirmation of the move and manage risk.
A question for traders:
Do you think gold will regain the uptrend, or is the correction not finished yet? 👇
#Gold #XAUUSD #GOLD #BinanceSquare #Trading #Forex #Crypto $XAUT
#XAUTUSTD